Kenya has received Sh52 billion($ 390 million) from the World Bank in financing to expand access…
Category: Business News in Kenya
New coffee payment system nears fruition
The Nairobi Coffee Exchange (NCE) has invited commercial banks to express interest in a proposed payment…
Economic gloom as CBK dims 2023 growth outlook
The Central Bank of Kenya (CBK) has downgraded the outlook of Kenya’s economic growth this year…
Kenya Airways posts worst-ever loss
The national carrier Kenya Airways (KQ) has reported a Sh38.26 billion net loss for the full…
South African budget carrier Airlink launches daily Joburg-Nairobi flights
South African budget carrier Airlink will in April start direct flights from Johannesburg to Nairobi stepping…
Win for loan guarantors in failed asset auctions
A financial lender cannot go for a loan guarantor after auctioning assets of the principal borrower…
Tsavo Power decommissions 75MW Mombasa thermal plant
Tsavo Power Company is seeking to decommission its 75-megawatt (MW) thermal power plant located at Kipevu…
Nock exclusion from Gulf oil deal angers legislators
MPs have protested at the exclusion of the State-owned National Oil Corporation of Kenya (Nock) from…
Dollar breaks above Sh145 as market ignores CBK rate
The price of buying dollars in banking halls and forex bureaus has crossed a record Sh145…
Kenya renegotiates Arror, Kimwarer Sh19bn defaulted Italian loans
Kenya and Italy have agreed to renegotiate the Sh19.8 billion controversial loan that Nairobi took to…